The Rise of Capitalism and the Roots of Anti-American Terrorism
Tim Krieger and
No 4887, CESifo Working Paper Series from CESifo
This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization or decreases with higher levels of economic openness. However, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism, whereas the process of marketization fuels it. This suggests that interest groups that have benefitted from the pre-market order deliberately target the USA, where anti-American terrorism serves the purpose of limiting the perceived marketization and Americanization of their communities.
Keywords: terrorism; anti-Americanism; capitalism; market economy; globalization (search for similar items in EconPapers)
JEL-codes: D72 D74 F60 (search for similar items in EconPapers)
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Journal Article: The rise of capitalism and the roots of anti-American terrorism (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4887
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